Quidax launches cryptocurrency exchange platform in Nigeria

A European based assets exchange platform, Quidax, has launched its operations in Nigeria.

Quidax, in a statement, said that the trading platform has a simple, secure and seamless interface that allows users to trade six cryptocurrencies and will expand to over 20 in the next three months.

According to the statement, the cryptocurrencies to be traded include Ripple, Litecoin, Bitcoin, Ethereum, Bitcoin Gold, and Bitcoin cash, making the platform the largest exchange operating in Africa.

The company’s CEO for Africa, Buchi Okoro, said the launching is in line with the company’s mission.

Unlike most exchange platforms, Quidax takes away the tedium of running between minimised phone apps while transacting and offers users a buffet of assets to buy and sell. The all-in-one benefit of the platform has seen users trooping en mass to sign up for trades on their platform.

He said, “Having taken into consideration the problems besetting the current global financial landscape, the mission of Quidax is to challenge the status quo, to push humanity forward and thus, the exchange is a step towards our goal of breaking down financial barriers and increasing opportunities to wealth creation”.

The company would also engage heavily in blockchain and cryptocurrency education to increase the level of understanding in Nigeria, something that is lacking today.